Buying a business is a major, life-changing decision. One of the advantages to buying a franchise is that you are getting a step-by-step process for how to open and operate a business. This allows you to avoid the common mistakes a business owner might make when they have no support.
That is why we have a step-by-step process for finding the right franchise for you. The right franchise will help you reach your personal and financial goals.
- You first need to determine WHY you want to buy a franchise.
- Write down your personal and financial goals.
- Write down your top professional skills and best personal traits.
- Determine how much you are willing to invest in owning a franchise. Put together a personal net worth statement.
- Start your research. Look for franchises that match your top skills and personal traits.
- Contact the franchisors that seem to be a good match for you.
- Write a business plan.
- Determine how you are going to fund this purchase
- Visit the franchise’s headquarters.
- Once you have narrowed down your choice, you will want to make an informed decision. Hire a franchise attorney to help you go over the Franchise Disclosure Document (FDD).
- Buy your franchise and change your life.
For most people, there is one thing that holds them back from buying a franchise. It is FEAR. Our role is to help you overcome that fear. We will work with you on each step of the process to help you make the most informed decision. To get started, please contact us.